Monday, February 23, 2009

Back to school in a credit crunch

Posted by Nicholas Hall

Given the recent wave of lay offs, people around the country are contemplating their next step. Hiring has slowed. Job seekers are taking an average 4.5 months today to land a new gig, according to the Bureau of Labor Statistics. So more adults are thinking now is the time to return to the classroom.

So far this year the number of GMAT tests taken by hopeful biz school students is up 15% from 2006, according to the Graduate Management Admission Council. Applications for graduate school at Arizona State University have jumped by double digits, said ASU President Michael Crow at a recent New York panel dinner of college and university presidents.

But the credit crunch has made it tougher even for students to borrow. So will grad school hopefuls be able to get a loan?

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1 comment:

  1. Michael aka Jim Crow systematically denies tenure to African Americans and fires tenured African Americans who were hired before him. A fired professor was called a nigger yet Crow fired the professor. Crow has a long history of discrimination at Columbia, see the case of Chichilnisky vs Columbia. Prof. Graciela Chichilnisky is Latina.

    ASU spent $3 million at least on lawyer fees last year for discrimination cases, not counting settlements.

    The taxpayers of Arizona can't afford Michael aka Jim Crow.